Updated on 20 March 2013
Claris in 2010 was barred from selling its products in the US after the FDA found that the company was producing contaminated drugs. Claris, however, resolved the issue in 2012 and addressed the complaints following which it was allowed to resume US sales. Recently the company also got FDA approval for its ninth drug.
Pharma companies are constantly evaluating options for new innovative products while maintaining stringent quality. Firms such as Claris, Cadila, Dr Reddy's and Sun Pharma have developed strong manufacturing capabilities for injectables. Ms Anand further says "Claris has built capabilities across most verticals with a global presence and extensive regulatory approval experience which could prove valuable."
BioSpectrum tried contacting Pfizer for comment on this issue but the company declined by saying that, "We do not comment on market speculation or rumors." Pfizer was one of the companies which wanted to acquire Strides' injectable unit that ultimately went to Mylan.
Since there are a number of important players, who hold a strong ground in the injectables space, pharma giants are turning towards India to resolve this issue. Mr Aluri says, "Whether India is becoming a hub for acquisitions in injectables space is too early to say. This is a niche area and a lot of drugs are going off-patent. So this is a good trend that is happening. Same thing could be observed for biologics and this is a welcome trend that we are seeing."
Given the growing number of Indian firm's interest in biosimilars and biobetters, injectable therapies are set to play a larger role due to the challenge of formulating oral drugs. Ms Anand concludes by saying, "These general trends indicate a preponderance of Indian pharma firms emerging as either independent entities or collaborative efforts."